Kenmare Resources (KMR) Price Target Raised to GBX 400
Kenmare Resources (LON:KMR) had its price objective hoisted by Berenberg Bank from GBX 380 ($4.97) to GBX 400 ($5.23) in a research note published on Thursday. The brokerage currently has a buy rating on the stock.
Several other research firms also recently issued reports on KMR. Peel Hunt reaffirmed a buy rating on shares of Kenmare Resources in a report on Tuesday, December 18th. Canaccord Genuity upped their price objective on shares of Kenmare Resources from GBX 475 ($6.21) to GBX 485 ($6.34) and gave the stock a buy rating in a report on Thursday, February 28th.
LON KMR opened at GBX 202 ($2.64) on Thursday. The company has a quick ratio of 2.43, a current ratio of 3.59 and a debt-to-equity ratio of 11.33. The firm has a market cap of $221.40 million and a P/E ratio of 6.12. Kenmare Resources has a 1 year low of GBX 182 ($2.38) and a 1 year high of GBX 265 ($3.46).
Kenmare Resources plc, together with its subsidiaries, operates as a mining company primarily in Europe, Asia, the United States, and internationally. The company operates the Moma Titanium Minerals Mine located on the north east coast of Mozambique that contains heavy mineral reserves, such as ilmenite and rutile titanium minerals primarily used to produce titanium dioxide pigment, as well as zircon.
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